Free Guide to Saving Money on Monument Car Insurance Online

Scraping up a payment for overpriced car insurance can drain your savings account, especially in this economy. Doing a price comparison is a smart way to make sure you're not throwing money away.

Companies like State Farm, Allstate, GEICO and Progressive continually hit you with advertising and it is difficult to sift through the bull and effectively compare rates to find the best deal.

It's important to shop coverage around quite often since rates are constantly changing. Just because you had the best rates a few years ago you may be paying too much now. There is a lot of bad advice regarding car insurance online but we're going to give you some great ways to slash your car insurance rates.

If you have car insurance now, you stand a good chance to be able to reduce your rates substantially using these methods. Buying car insurance in Monument is easy if you know what you're doing. But Colorado consumers do need to know how the larger insurance companies sell insurance online.

How to Buy Monument Car Insurance Online

There are several ways to get quotes from local Monument car insurance companies. The recommended way to compare insurance prices is simply to get online rate quotes. This can be accomplished using a couple different methods.

The first (and easiest) way to find low rates is to use a rate comparison form (click to open form in new window). This method eliminates the need for repetitive form entry for every car insurance company. One form will return quotes direct from many companies.

A more time consuming way to compare rate quotes is to take the time to go to each company website and fill out their own quote form. For example, let's assume you want comparison quotes from , and . To get rate quotes you would need to visit each site and enter your information, which is why most consumers use the first method.

To view a list of companies in Monument, click here.

It doesn't matter which method you choose, just make darn sure you compare exactly the same coverages and limits for every quote you compare. If you compare different deductibles it will be impossible to determine the best price in Monument. Just a small difference in insurance coverages may result in large price differences. And when comparison shopping, comparing more company's prices will increase your chances of finding a lower rate.

Tips to Get Lower Monument Rates

It's important that you understand some of the elements that go into determining the rates you pay for car insurance. Having a good understanding of what controls the rates you pay empowers consumers to make smart changes that can help you get lower car insurance prices.

Poor driving leads to higher costs - Drivers who don't get tickets receive lower rates than bad drivers. Just one ticket can bump up the cost by as much as thirty percent. Drivers who get serious violations such as DUI or reckless driving may be required to file a SR-22 to the state department of motor vehicles in order to continue driving.
Older drivers save more - More mature drivers tend to be more responsible, tend to file fewer claims and receive fewer citations. Youthful drivers are statistically proven to be careless and easily distracted when driving and because of this, their car insurance rates are much higher.
High credit ratings translate to low rates - Your credit score is a large factor in determining what you pay for car insurance. So if your credit score is lower than you'd like, you could be paying less to insure your by improving your credit score. People with excellent credit tend to be more responsible as compared to drivers with poor credit.
Your car's features help determine rates - Purchasing a vehicle that has an advanced theft prevention system can help bring down rates. Anti-theft features such as LoJack tracking devices, vehicle tamper alarm systems or GM's OnStar system all aid in stopping your car from being stolen.
The more you drive the more you pay - The more miles you rack up on your car in a year's time the higher your rates will be. Almost all companies charge to insure your cars based on how the vehicle is used. Vehicles left parked in the garage get more affordable rates than those used for commuting. Make sure your car insurance policy is rated on how each vehicle is driven.

Take advantage of discounts

Companies that sell car insurance don't list every available discount in a way that's easy to find, so the following is a list of both the well known and the more hidden car insurance savings.

Good Student Discount - Getting good grades can get you a discount of up to 25%. The good student discount can last until age 25.
Save with a New Car - Adding a new car to your policy can save up to 30% since new cars are generally safer.
Air Bag Discount - Vehicles with factory air bags or automatic seat belts can qualify for discounts of more than 20%.
Payment Discounts - If you pay your bill all at once rather than paying monthly you could save up to 5%.
Discount for Life Insurance - Select insurance companies reward you with better rates if you take out a life insurance policy as well.
Low Mileage - Driving fewer miles could qualify for lower rates on the low mileage vehicles.
Own a Home - Being a homeowner may trigger a car insurance policy discount because owning a home demonstrates responsibility.
Government Employees - Simply working for the federal government can save as much as 8% with certain companies.
Club Memberships - Being a member of a civic or occupational organization could qualify you for a break on your policy.
E-sign - Certain companies may give you up to $50 for buying a policy and signing up digitally online.

Drivers should understand that most credits do not apply to the overall cost of the policy. Most cut the cost of specific coverages such as medical payments or collision. Just because it seems like you can get free auto insurance, companies wouldn't make money that way.

For a list of providers offering car insurance discounts in Monument, follow this link.

How to know if you need help

When it comes to choosing coverage for your personal vehicles, there really is not a "best" method to buy coverage. Everyone's needs are different and a cookie cutter policy won't apply. These are some specific questions may help you determine whether your personal situation will benefit from professional help.

Do I need to file an SR-22 for a DUI in Colorado?
Should I file a claim if it's only slightly more than my deductible?
Should I drop comprehensive coverage on older vehicles?
Are my tools covered if they get stolen from my vehicle?
What happens if I owe more than my vehicle is worth?
Is my vehicle covered for flood damage?
Does my policy cover my teen driver if they drive my company car?
Am I covered if I drive in a foreign country?

If you don't know the answers to these questions but a few of them apply, then you may want to think about talking to an insurance agent. If you don't have a local agent, take a second and complete this form or click here for a list of car insurance companies in your area.

More detailed Colorado car insurance information can be read at the Colorado DORA Division of Insurance website. Visitors are able to file complaints about a company, read enforcement actions against agents and companies, find out industry alerts, and view a list of available companies.

Final considerations

We just covered a lot of tips how to lower your car insurance rates. The key thing to remember is the more you quote, the more likely it is that you will get a better rate. Consumers could even find that the lowest priced car insurance comes from an unexpected company. Smaller companies may only write in your state and offer lower rates than their larger competitors like .

As you shop your coverage around, it's not a good idea to reduce needed coverages to save money. There have been many cases where drivers have reduced collision coverage and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. Your goal should be to purchase plenty of coverage at an affordable rate, not the least amount of coverage.